MB-HWLD@EC2609A

CHK OIL

SHANDONG MOLONG

PETRO-KING

MIE HOLDINGS

D&G TECH

YUANHENG GAS

JX ENERGY

KINETIX SYSTEMS

YANCHANG PETRO

HAO WEN HLDGS

BEDZ

HTHT

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Headwater Capital Co Ltd acquired 250,000 shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) valued at approximately $9.78 million during Q3, according to a recent SEC filing. This investment represents 2.4% of Headwater's portfolio, making H World its 13th largest holding. Other institutional investors have also adjusted their stakes in H World Group. The stock opened at $54.52, with a market cap of $16.79 billion and a P/E ratio of 31.33. Analysts have mixed ratings, with an average rating of "Moderate Buy" and a price target of $47.00.

Market Beat

AdvisorShares Hotel ETF

H World

HWORLD-S

250,000 Shares in H World Group Limited Sponsored ADR $HTHT Acquired by Headwater Capital Co Ltd

ATAT

AWAY

Goldman Sachs report indicates that the Spring Festival travel data is healthy, with domestic tourist numbers increasing by 19% to 596 million, and travel spending rising by 19% to 803 billion yuan. The number of outbound travelers increased by 24% to 4.8 million, with demand for Southeast Asia and South Korea routes offsetting the decline in Japan routes. The hotel industry performed well, with revenue growth in the mid to high single digits, and airline ticket prices rising by 7% to 15%. Hainan duty-free shops performed poorly, and Macau gaming revenue fell short of expectations. Goldman Sachs is optimistic about hotel and airline stocks such as H World, Atour, Galaxy Entertainment, and Sands China

AASTOCKS

Las Vegas Sands

Atour

GALAXY ENT

Galaxy Entertainment Group

Sands China

ETFMG Travel Tech ETF

Invesco Leisure & ENT ETF

SANDS CHINA LTD

Goldman Sachs: Healthy Spring Festival Travel Data, Hotel Industry Performance Shines

688303

BIDU

The NASDAQ Golden Dragon China Index preliminarily closed down 0.4%. Among popular Chinese concept stocks, Jinko Solar fell 2.4%, Trip.com fell 2.2%, YUM China, Qifu Technology, and WeRide fell over 1%, Alibaba fell 0.9%, and Baidu fell 0.7%. Meanwhile, GDS, KINGSOFT CLOUD, and Daqo Energy rose at least 0.6%, and HWORLD rose 1.6%

Wallstreetcn

Daqo Energy

Baidu

Direxion FTSE China Bull 3X

NASDAQ Golden Dragon China Index

Roundhill China Dragons ETF

KINGSOFT CLOUD

BABA-W

KraneShares 2x Long BABA Daily ETF

YUM China

BIDU-SW

Trip.com

GDS-SW

Jinko Solar

Invesco Golden Dragon China

BEKE

KPDD

02423

PDDL

Gao Yi Asset's holdings in U.S. stocks, as disclosed in the filings with the U.S. Securities and Exchange Commission for the end of 2025, show that it holds shares in 13 companies with a total market value exceeding $600 million. The focus is on Chinese concept stocks, particularly increasing positions in PDD and KE in the fourth quarter of last year, and newly purchasing shares in Yatsen. The top ten holdings include Huazhu Group, PDD, Google, etc., with Chinese concept stocks dominating. The shareholding in PDD has increased to 1.333 million shares, an increase of 629,000 shares compared to the end of the third quarter of last year

36Kr

Yatsen

KraneShares 2x Long PDD Daily ETF

BEKE-W

GraniteShares 2x Long PDD Daily ETF

Gao Yi Asset's US stock holdings exposed, increasing positions in PDD, KE, and others

XLRE

SCHH

WTRE

H World Group Limited has launched Hanting Inn, a new economy hotel brand aimed at meeting evolving travel needs and promoting asset-light growth. This brand expansion allows for quicker rollout in lower-tier cities with lower investment requirements and flexible property types. Hanting Inn focuses on high adaptability for property conversion and renovation, emphasizing efficiency and profitability. Supported by H World Group's centralized management and a loyalty ecosystem of over 300 million members, Hanting Inn aims to enhance accessibility and reinforce the company's commitment to the economy hotel segment.

StockTitan

Real Est Select Spdr

iShares US Real Estate ETF

Schw Us Reit

FlexShares Glbl Quality Real Estate ETF

SPDR Dow Jones Global Real Estate ETF

Vanguard Real Estate ETF

iShares Global REIT

WisdomTree New Economy Real Estate Fund

iShares Residential and Multisector Real Estate ETF

H World Group Launches New Hanting Inn Brand, Advancing Hanting Hotel's Vision of Hospitality as Everyday Travel Infrastructure | HTHT Stock News

H World Group Limited announced the launch of Hanting Inn, a new economy hotel brand, on February 11, 2026, in Shanghai. This initiative aims to address changing travel needs and support scalable, asset-light growth strategies. Hanting Inn will operate under H World Group, a global hospitality company listed on NASDAQ (HTHT) and the Hong Kong Stock Exchange. This launch reflects the company's commitment to innovating its offerings for modern travelers.

Unusual Whales

H World Group launches new Hanting Inn brand to support scalable growth in hospitality sector. Globally recognized.

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Citigroup's research report indicates that strong tourism demand is expected during the Lunar New Year holiday, particularly with positive impacts on CTG DUTY-FREE, Atour, and HWORLD-S. Passenger traffic during the Spring Festival travel season is expected to grow by 5.3%, and Atour is reiterated as the preferred stock in the consumer sector. Demand for outbound travel will be differentiated, while domestic travel momentum looks promising and is expected to continue during the holiday period

CTG DUTY-FREE

Citigroup expects strong domestic tourism demand during the Lunar New Year holiday, which is beneficial for CTG DUTY-FREE, Atour, and HWORLD-S

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JETS

00753

Morgan Stanley released a report stating that the recovery of the mainland tourism industry is strong, and it is expected that by 2030, domestic tourism consumption will account for 18% of per capita consumption. The firm is optimistic about companies such as Air China, HWORLD-S, and Atour, believing that airlines will enhance pricing power, supporting valuation upgrades. The hotel industry is also expected to see profit growth, with an annual increase of 10% to 25%. It is recommended to focus on key stocks benefiting from the growth in tourism demand and to consider investments in online travel platforms after the conclusion of antitrust investigations

Air China

Us Global Jets

AIR CHINA

Morgan Stanley: The recovery of the mainland tourism industry is strong, optimistic about Air China, HWORLD-S, and Atour, etc

Morgan Stanley upgrades the outlook for China's hotel industry, with H World and Atour receiving "Overweight" ratings. The bank's forecast indicates a supportive shift in the industry's fundamentals, with an expected average earnings upgrade of about 10% for 2026 to 2027. H World's target price is raised from $47 to $65, while Atour's target price is increased from $40 to $45

Morgan Stanley upgrades outlook for China's hotel industry, H World and Atour receive "Overweight" rating

H World Group (NASDAQ:HTHT) shares reached a new 52-week high of $51.73, closing at $51.7440 with a trading volume of 1,799,827 shares. Analysts have mixed ratings, with Benchmark raising its price target to $52.00 and maintaining a "buy" rating, while Zacks downgraded it to "hold." The stock has a market cap of $16.01 billion and is primarily focused on hotel management in China. Institutional investors hold 46.41% of the stock, indicating strong interest in the company.

H World Group (NASDAQ:HTHT) Reaches New 1-Year High  - Should You Buy?

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HWORLD-S(01179) rose 4.31%, with a trading turnover 127.0 Million HKD, and a year-to-date rose 8.8%. LI AUTO-W(02015) rose 3.61%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 10.6%. AIA(01299) fell 5.54%, with a trading turnover 4.8 Billion HKD, and a year-to-date rose 4.5%. MINIMAX-WP(00100) fell 5.14%, with a trading turnover 398.3 Million HKD, and a year-to-date rose 179.4%.

- The Hang Seng Index fell 1.21% but has accumulated a 3.6% increase this year.  
- The Hang Seng Tech Index decreased by 1.11%, totaling a 3.1% decline year-to-date.  
- Key stocks include Huazhu Group, which rose 4.31%, and AIA, which dropped 5.54%, with MINIMAX-WP experiencing a significant decrease of 5.14%.

Top Gainers & Losers

LI AUTO-W

GANFENGLITHIUM

CEB BANK

PETROCHINA

MINIMAX-WP

FUYAO GLASS

Top 5 HK Stock Gainers/Losers (>100B) (2.6)

Hua Mao Group's project on De Hing Street in Tsim Sha Tsui has officially been named "ZENDO HOUSE," and is expected to be launched on the market as soon as after the Lunar New Year. The project offers 164 units, with usable areas ranging from 274 to 468 square feet, over 80% of which are one-bedroom layouts. As the project is an "old lease project," it can be sold at any time, with prices referencing similar residential properties near Tsim Sha Tsui and Kowloon Station. The project has a flat roof, with a key date of September 16 this year, and the presale period is approximately eight months

The "Hong Kong Building" Huamao Tsim Sha Tsui project is named "Yu Yi" and is expected to debut after the Lunar New Year at the earliest

Deep Research

Kellyk310

In China's cutthroat hotel market, ATAT stands out as a brand competitors both envy and fail to decode. It lacks the sheer scale of H World or Jin Jiang, and it does not play in the luxury league of Marriott or Hilton.On the surface, it sits awkwardly in a mid-to-upscale gap where brands often fall between two stools. Conventional wisdom says this positioning is a recipe for mediocrity.Yet in 2024, amid an industry slump marked by price wars and a wave of closures, the company broke out with 50%+ revenue growth and 70%+ profit growth. It emerged as the sector's lone high-growth benchmark.What exactly enables this puzzling, much-envied brand to carve out growth in the gap? And what disruptive logic underpins its 'lodging + retail' dual-engine model?This time, Dolphin Research takes a closer look at how ATAT's biz. model differs. We'll unpack what truly sets it apart.---

HAIDILAO

MNSO

Miniso

ATAT: How the 'Haidilao' of Hotels Was Built?

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Conference Minutes

The following are the minutes of Huazhu's 3Q25FY earnings conference call organized by Dolphin Research. For a review of the financial report, please refer to 'Huazhu: Deep Squat and Jump! Huazhu is still the industry leader.'

ICON

Icon Energy

Eagle Materials

Huazhu (Minutes): Experiential consumption shows significant growth

Financial Analysis

On 17 November 2025 Beijing time, prior to the US market open, Huazhu (1179.HK/HTHT.O) $HWORLD-S(01179.HK) $H World(HTHT.US) released its Q3 2025 financial report. Driven by robust leisure travel demand and the advancement of its asset-light transformation strategy, the company's overall performance continued to improve, exceeding market expectations. Key highlights include: 1. RevPAR showed sequential recovery. Examining the core operational metric of revenue per available room (RevPAR)...

Optical Cable

Definitive Healthcare

Ameriprise Financial

Huazhu: Deep Squat and Jump! Huazhu Remains the Industry Leader

The following are the minutes of Huazhu's Q2 2025 earnings call. For an interpretation of the financial report, please refer to &#34;Huazhu: Strengthening Internal Skills, Is Huazhu Ready to 'Squat and Jump'? -&#34;

Huazhu Club FY25Q2 Minutes: Hanting 4.0 Signing Strong

On August 20, 2025, before the U.S. stock market opened, Huazhu (1179.HK/HTHT.O) released its Q2 2025 financial report. Overall, the most striking aspect is the company's asset-light transformation strategy, which has significantly improved the company's core operating profit. Specifically:

Huazhu: With solid internal strength, is Huazhu ready to 'squat and jump'?

Below is the earnings call minutes for Huazhu Group FY25 Q1. For the earnings interpretation, please refer to

Inter

Huazhu Group (1Q25 Minutes): Q2 RevPAR will narrow quarter-on-quarter

On May 20, 2025, before the U.S. market opened, Huazhu (1179.HK/HTHT.O) released its Q1 2025 financial report. Overall, against the backdrop of a continued downturn in the hotel and tourism industry, Huazhu's core operational metrics continued to deteriorate. However, the highlight was the company's effective cost control through organizational streamlining and an increased proportion of the asset-light franchising model.

Both volume and price are falling! Can Huazhu still squat and jump?

Today’s Key News Recap

Dolphin focuses on: 🐬 Macro/Industry 1. Today, both Hong Kong and A-shares were collectively booming, with the Shanghai Composite Index recovering above 3300 points and the Hang Seng Index rising over 2.3%. The market is buzzing with &#34;short essays,&#34; mainly focusing on: 1) Two major meetings in December, with rumors suggesting one may be held earlier, as the market speculates on expectations for economic stimulus; 2) It is rumored that the December economic meeting will expand the deficit ratio to 4.5. However, currently, there is no clear evidence supporting these messages, and the direction of sentiment remains difficult to determine...

Hang Seng Index

SSE Index

FI2 CSOP HSI

Direxion FTSE China Bear 3X

BYD COMPANY

BYD COMPANY-R

BYD HK SDR 10to1

BYD Company Limited

BYD Company

Hong Kong, A accelerates explosion! What happened? | Today's important news review

The following is the summary of the conference call for the Q3 2024 performance of $HWORLD-S(01179.HK) $H World(HTHT.US). For the financial report interpretation, please refer to &#34;Huazhu's Against the Trend 'Lone Brave', does crouching really allow for a jump?&#34; 1. Review of core financial report information: 2. Detailed content of the financial report conference call 2.1. Executive team statement of core information: Industry performance and strategic adjustments - Domestic tourism demand is steadily increasing, but due to last year's high base effect, RevPAR in the third quarter decreased by 8.1% year-on-year to RMB 256, and ADR decreased by 7% year-on-year to RMB 301...

Huazhu: Is there an improvement in the business climate in the fourth quarter?

MB-HWLD@EC2609A(26445.HK)

250,000 Shares in H World Group Limited Sponsored ADR $HTHT Acquired by Headwater Capital Co Ltd

Goldman Sachs: Healthy Spring Festival Travel Data, Hotel Industry Performance Shines

Gao Yi Asset's US stock holdings exposed, increasing positions in PDD, KE, and others

H World Group Launches New Hanting Inn Brand, Advancing Hanting Hotel's Vision of Hospitality as Everyday Travel Infrastructure | HTHT Stock News